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RickyD

May Is Urged To Consider Policy Of 'living Rents' Linked To Wage Levels

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https://www.theguardian.com/society/2016/sep/01/theresa-may-consider-living-rent-policy-linked-wage

"Theresa May is being urged to consider a policy under which housing rents would be linked to local wage levels. The call, in a report suggesting the government consider a radical new policy of “living rents”, comes as the prime minister chairs the first session of her social reform committee, which will look into how to make housing more affordable for families.

The prime minister has put together a team of 11 cabinet ministers, including Sajid Javid who will oversee housing as communities secretary. She said the group would meet regularly to discuss making “life easier for the majority of people in this country who just about manage."

“We need to drastically increase the number of homes we build, to rent and buy, so people are not trapped in poverty by their housing costs. Building more affordable rented homes and linking them to local wages will give more people a home at a price they can afford.”

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yo would think with all the illicit black market activities that would reduce the average claimed income but we must remember that affordable rents that are tied 2 local incomes are neglecting the fact that 50% of the local communities are unemployed or self employed which in turn drastically raises the local take home pay as a proportion of the workers which do claim a fully taxed income.

this will drastically remove the spare cash workers have after rent.

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The prime minister has put together a team of 11 cabinet ministers, including Sajid Javid who will oversee housing as communities secretary. She said the group would meet regularly to discuss making “life easier for the majority of people in this country who just about manage."

If their first step isn't to declare war against the BoE, they are wasting their time.

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